News - 3rd year champion, this is what makes West Java 'King' of Investment in RI

3rd year champion, this is what makes West Java 'King' of Investment in RI

Jul, 29 2024

West Java Province again achieved the highest investment realization in 2022, worth Rp 174 trillion. This achievement places West Java at the top in Indonesia as the province with the highest investment realization for three consecutive years from 2020-2022.

“Investment realization in West Java (2022) is still the highest (nationally) at around Rp 174 trillion,” said West Java Governor Ridwan Kamil as quoted from a press release, Monday (30/1/2023).

Based on data from the Investment Coordinating Board (BKPM), in 2020, the value of investment to West Java reached Rp 120 trillion or 14.6% of the total national investment realization of Rp 826.2 trillion. Investment to West Java was again the highest in 2021 and increased 15.6% from the previous year, which amounted to IDR 136 trillion.

This value also exceeds the target set by BKPM, which is IDR 127 trillion. Kang Emil, Ridwan Kamil's nickname, revealed that West Java being the investment champion for three consecutive years was an anomaly. The reason is, during the span of 2020-2022 the Covid-19 pandemic ravaged the Indonesian economy.

“Another anomaly is that the high labor wages in West Java did not discourage companies, both Foreign Investment (PMA) and Domestic Investment (PMDN) to invest in West Java,” he said.

Kang Emil also revealed the reason West Java has always been the favorite of investors. First, infrastructure in West Java is the most adequate compared to other regions in Indonesia.

“Even nine toll roads are now being built in various regions, including the Jakarta-Bandung Fast Train which is planned for June 2023 to start operating and become the first fast train project in Southeast Asia,” he continued.

In addition, there is the Patimban Port which is included in the Tambourine Metropolitan area in northern West Java. According to him, if the construction is 100% complete, Patimban will become the largest port in Indonesia.

The second reason, West Java Human Resources (HR) is considered the most productive investor in Indonesia. According to him, entrepreneurs claim to have nothing to lose by paying expensive wages because it is proportional to the productivity produced.

The next factor that is a consideration for investment in West Java is the ease of licensing. Especially when the area is included in the Special Economic Zone (KEK).

He also has a special way of attracting investors. He emphasized his staff not to “keep the shop”, but to “pick up the ball” or offer directly to potential investors about the advantages of investing in West Java.

He also said, with the highest investment realization value, West Java contributed greatly to national economic growth. Where in the fourth quarter of 2022, the West Java economy grew at 5.7%. This investment realization is also directly proportional to the absorption of labor.

“As of today, open unemployment has fallen. Because where there is investment, there is growth and reduction in unemployment,” he said.

In fact, he emphasized, the most poverty reduction in Indonesia in 2022 was West Java. The Central Statistics Agency (BPS) released five provinces with the most decline in the poor. The first rank is West Java (17.36 thousand), DKI Jakarta (7.11 thousand), Lampung (6.82 thousand), North Sumatra (6.1 thousand), Bengkulu (4.3 thousand).

In addition, West Java is also not included in the provinces with the highest number of poor people released by BPS as of September 2022.

“This shows that the West Java economy today is almost equivalent to that before Covid-19. There is even an anomaly that we thought investment would decrease, but instead it increased rapidly. In 2023 we will enter the normalization stage,” he concluded.

SOURCE

ESDM Mentions New Rules for Electricity Project TKDN to Make EBT Investment Easier

JAKARTA - The government released a new regulation regarding the provisions of the level of domestic components (TKDN) in electricity projects. This new regulation is said to facilitate investment in the development of new renewable energy (EBT). The latest TKDN regulation is contained in Ministerial Regulation (Permen) ESDM No.11 of 2024 concerning the Use of Domestic Products for Electricity Infrastructure Development. Director General of New Renewable Energy and Energy Conservation (EBTKE) of the Ministry of Energy and Mineral Resources (ESDM) Eniya Listiani Dewi said that in the regulation, EBT projects funded by foreign grants or foreign loans are no longer required to include TKDN in tender documents. "What is important in this regulation is that foreign grants are not required to include TKDN in bidding documents," Eniya told Bisnis, Tuesday (6/8/2024). So far, the obligation to include TKDN is said to have hampered the funding of a number of EBT power plant projects. Based on Bisnis records, there are at least 14 EBT power plant projects that are constrained. Four of the projects already have funding agreements from the Asian Development Bank (ADB), World Bank, Japan International Cooperation Agency (JICA), and other financing institutions with a total investment commitment of more than US$1 billion. The four projects include the Cisokan Hydroelectric Power Plant (1,040 MW), Huluais Geothermal Power Plant (110 MW), Kumbih Hydroelectric Power Plant (45 MW) and Sawangan Hydroelectric Power Plant (16.6 MW). Meanwhile, there are 10 other projects that have not reached agreements with lenders regarding the provisions of the TKDN clause in the power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) or PLN. Meanwhile, the obligation to include TKDN was previously regulated in Minister of Industry Regulation (Permenperin) Number 54 of 2012 concerning Guidelines for the Use of Domestic Products for Electricity Infrastructure Development. Simultaneously with the issuance of Permen ESDM No.11 of 2024, the Ministry of Industry issued Minister of Industry Regulation (Permenperin) No. 33 of 2024 which revoked Permenperin No. 54 of 2012. "The issue of constraints for PLTP and PLTA is in international funding, which previously according to Permenperin No. 54 must include TKDN in the bidding document. Now it has been revoked," Eniya explained. Not only grant projects or foreign investments, according to Eniya, Permen of ESDM No.11 of 2024 also makes it easy to fulfill TKDN for investment in other EBT projects. "Even if it is not a grant or foreign investment, it is easier to implement because the threshold is easier to achieve," he said. Meanwhile, the threshold for EBT project TKDN will be regulated in a derivative regulation in the form of a Decree of the Minister of Energy and Mineral Resources which will be stipulated in the next few days. "The TKDN of industrial product components remains in accordance with the revised Permenperin. However, the TKDN of combined EBT project goods and services has been calculated and this greatly facilitates investment," said Eniya. SOURCE

Aug, 07 2024

Domestic Direct Investment (PMDN) Controls 56.9 Percent of Investment Realization, Making West Java a National Economic Driver

bukamata.id – West Java Governor Dedi Mulyadi's efforts and policies to create a comfortable and business-friendly investment climate have borne fruit. In the third quarter of 2025, West Java once again recorded the highest investment realization in Indonesia. According to the third quarter 2025 investment realization report released by Investment Minister Rosan Roeslani on Friday (10/17/2025), West Java remains the main driver of national investment growth, with impressive achievements. National Investment Realization Reaches IDR 491.4 Trillion Nationally, investment realization in the third quarter of 2025 reached IDR 491.4 trillion, a 13.9 percent year-on-year (yoy) growth compared to the same period in 2024. Of this total, Domestic Direct Investment (PMDN) dominated, accounting for 56.9 percent, or IDR 279.4 trillion, while Foreign Direct Investment (PMA) reached IDR 212 trillion, or 43.1 percent. Investment realization by the end of the third quarter of 2025 had reached 75.3 percent of the national target of IDR 1,905.6 trillion set by the government this year. West Java Remains at the Top of the List of Investment Destination Provinces West Java has successfully maintained its position as the province with the highest investment realization in Indonesia, with a total investment value reaching IDR 77.1 trillion. Next in line are Jakarta (IDR 63.3 trillion), Central Sulawesi (IDR 33.4 trillion), Banten (IDR 30.8 trillion), and East Java (IDR 30.4 trillion). In the domestic investment (PMDN) sector, West Java also leads, with IDR 41.8 trillion (15%) of the national total. This is followed by Jakarta with IDR 40.8 trillion (14.6%) and East Kalimantan with IDR 23.5 trillion (8.4%). Meanwhile, in the FDI sector, West Java remains the favorite for foreign investors, with USD 2.2 billion (16.7%), ahead of Central Sulawesi (USD 2 billion), Jakarta (USD 1.4 billion), North Maluku (USD 1 billion), and Banten (USD 0.8 billion). Dedi Mulyadi: Investment Must Be Friendly and Efficient Governor Dedi Mulyadi expressed his appreciation to all parties, including the provincial, district/city governments, as well as industry and business players, who have worked together to maintain investor confidence in West Java. He emphasized that the provincial government is committed to maintaining investment stability and convenience through expedited licensing, infrastructure development, and guarantees of security and legal certainty. "What we're building is investment. How can investment grow? It must be friendly. Licensing must be fast, infrastructure must be well-built, and the government must be present to provide convenience," said KDM, Governor Dedi's nickname. Firmly Combating Thuggery and Protecting the Business World Despite high investment achievements, KDM acknowledged that challenges remain, such as thuggery practices around industrial areas. To that end, he will instruct the Provincial and Regency/City Manpower Offices to establish a rapid response complaint service for companies. According to him, this step demonstrates the regional government's commitment to ensuring a comfortable business environment. "The government cannot simply collect taxes. The government must be present to provide a sense of security. The Manpower Office in each region is required to establish a complaint service for companies," he emphasized. With this approach, the West Java Provincial Government aims to ensure that the industrial sector and investors have a safe, comfortable, and sustainable space to grow. Pro-Investment Policies Become a Pillar of West Java's Economic Growth Dedi Mulyadi's policies in creating a conducive investment climate have had a direct impact on regional economic growth and employment. The continued increase in investment also demonstrates that West Java is the region most prepared to welcome global and domestic capital flows, while also supporting the national economy. [SOURCE]

Dec, 16 2025

West Java Festival 2024 Creates 70 M Economic Turnover

PenaKu.ID - West Java Festival 2024 was successfully held. Various activities were held festively on August 23-25, 2024 to celebrate the 79th Anniversary of West Java Province. Thousands of visitors were present during the event both at Gedung Sate and GOR Saparua. West Java Festival 2024 was lively with a series of activities ranging from cultural arts festivals, MSME and culinary bazaars, seminars, workshops, job fairs, puppet shows to music concerts. Not only that, this event also has a positive impact on economic turnover. According to incoming data, the economic turnover reached around Rp 70 billion from direct income (government, booths, and sponsors), as well as shopping expenditures of visitors who were present at Gedung Sate and GOR Saparua. According to West Java Provincial Secretary Herman Suryatman, this achievement is very beneficial for MSME players and affects the increase in the number of tourist visits to West Java. “One of the expected impacts of the West Java Festival is to increase the number of tourist visits which of course can encourage the economic movement of the community. This activity also encourages economic activity by attracting investors and business people,” said Herman Suryatman in Bandung, Wednesday (28/8/2024). “The West Java Festival also strengthens cultural identity and community pride in local cultural heritage. This is a form of implementing the actions of the national movement Proud to Make Indonesia (BBI) and Proud to Travel in Indonesia (BBWI),” he added. Number of Visitors to West Java Festival 2024 During the three days of implementation, there were around 78,000 people who participated in the West Java Festival 2024. Of these, 65,000 people attended Gedung Sate and 13,000 people enlivened the music concert at GOR Saparua. “This event is expected to be a reference for the community to recognize the excellence of the tourism and cultural sectors in West Java, as well as part of the implementation of the West Java Provincial Government's collaboration for the community,” said Head of the West Java Tourism and Culture Office Benny Bachtiar. “We hope that the next WJF will be even more lively because this is the party of the people of West Java on the birthday of West Java Province. Hopefully in the future WJF will become an independent sustainable festival,” he concluded. SOURCE

Aug, 29 2024

Hunian Tepi Danau di Tengah Kawasan Industri, LippoLand Hadirkan OAZE Lakeside Homes

Seiring dengan perkembangan Cikarang sebagai salah satu pusat ekonomi nasional, LippoLand menghadirkan konsep hunian yang berbeda. Melalui OAZE Lakeside Homes, pengembang ini menawarkan kawasan residensial premium dengan konsep lakeside living yang mengedepankan kenyamanan, ruang terbuka hijau, dan kualitas hidup, tanpa mengorbankan kemudahan akses ke pusat aktivitas. Dalam beberapa tahun terakhir, Cikarang telah bertransformasi dari kawasan industri menjadi kota mandiri yang didukung infrastruktur modern, pusat bisnis, fasilitas pendidikan, layanan kesehatan, hingga pusat gaya hidup. Pertumbuhan tersebut turut mendorong meningkatnya kebutuhan akan hunian yang tidak hanya strategis, tetapi juga mampu memberikan lingkungan tinggal yang nyaman. Sebagai pengembang yang telah berkiprah di Cikarang selama lebih dari 30 tahun, LippoLand menghadirkan OAZE Lakeside Homes sebagai bagian dari kawasan OAZE yang berlokasi di Golden Corridor, salah satu area paling strategis di Lippo Cikarang. Berbeda dengan hunian pada umumnya yang berfokus pada lokasi, OAZE Lakeside Homes mengusung konsep hunian tepi danau sebagai nilai pembeda. Lanskap danau dipadukan dengan ruang terbuka hijau dan lingkungan yang dirancang modern untuk menciptakan suasana yang lebih tenang, asri, dan eksklusif di tengah kawasan yang berkembang pesat. Konsep tersebut menjawab perubahan preferensi masyarakat yang kini semakin mengutamakan keseimbangan antara mobilitas dan kualitas hidup. Penghuni dapat menikmati lingkungan yang nyaman untuk beristirahat sekaligus tetap memiliki akses cepat menuju kawasan industri, pusat bisnis, maupun fasilitas publik. Lokasinya berada di tengah ekosistem perkotaan yang telah matang. OAZE Lakeside Homes dikelilingi kawasan industri besar seperti Delta Silicon, EJIP, MM2100, GIIC, hingga KIIC, serta didukung akses menuju lima gerbang tol utama, Stasiun Cikarang, dan Jalan MH Thamrin Lippo Cikarang. Kawasan ini juga berada dekat dengan rumah sakit, sekolah, pusat perbelanjaan, hingga area rekreasi sehingga menjadi pilihan bagi profesional, keluarga muda, pelaku usaha, maupun ekspatriat yang bekerja di kawasan industri Cikarang. Untuk memenuhi kebutuhan pasar yang beragam, LippoLand menghadirkan tiga pilihan produk residensial. TreeTops OAZE SOHO ditawarkan mulai Rp1,04 miliar dengan konsep Shop Okey Home Okey (SOHO) yang menggabungkan fungsi hunian dan ruang usaha dalam bangunan tiga lantai. Produk ini menyasar entrepreneur maupun investor yang membutuhkan fleksibilitas menjalankan bisnis dari rumah. Sementara Cendana OAZE Livin dipasarkan mulai Rp1,29 miliar dengan desain modern dan tata ruang yang efisien. Hunian ini dirancang untuk memenuhi kebutuhan keluarga muda yang menginginkan lingkungan premium dengan kenyamanan optimal. Adapun Bentley OAZE Lakeside Homes menjadi produk unggulan yang dipasarkan mulai Rp2,54 miliar. Berlokasi paling dekat dengan kawasan danau, tipe ini menawarkan ruang yang lebih luas, privasi yang lebih tinggi, serta pengalaman tinggal premium dengan panorama danau sebagai daya tarik utamanya. Deputy COO LippoLand, Lukas Budi Setiawan, mengatakan pengembangan OAZE Lakeside Homes merupakan bagian dari strategi jangka panjang perusahaan untuk menghadirkan kawasan yang tumbuh seiring perkembangan Cikarang. “Perkembangan Cikarang yang sangat pesat membuka peluang besar bagi terciptanya kawasan hunian yang berkualitas dan berkelanjutan. Melalui OAZE Lakeside Homes, kami ingin menghadirkan lebih dari sekadar rumah. Kami membangun sebuah lingkungan yang menggabungkan lokasi strategis, konsep lakeside living, serta kualitas hidup yang lebih baik bagi masyarakat,” ujarnya. Ia menambahkan, pengembangan kawasan tersebut juga menjadi bentuk kontribusi LippoLand dalam mendukung pertumbuhan Cikarang sekaligus memperkuat industri properti nasional. Dengan mengusung konsep hunian tepi danau di tengah kawasan industri yang terus berkembang, OAZE Lakeside Homes menawarkan diferensiasi yang memadukan konektivitas, kenyamanan, dan nilai investasi. Kehadirannya diharapkan mampu menjadi pilihan bagi masyarakat yang menginginkan kualitas hidup lebih baik tanpa harus jauh dari pusat aktivitas ekonomi. (RIZ) [SOURCE]

Jul, 10 2026

West Java Will Export Coffee Directly to Georgia

Caption: West Java Governor Ridwan Kamil when receiving an honorary visit from the Georgian Ambassador to Indonesia H.E. Irakli Asashvili in the Pakuan Building, Bandung City, Tuesday (6/8/19).BANDUNG CITY - West Java Governor Ridwan Kamil received an honorary visit from the Georgian Ambassador to Indonesia H.E Irakli Asashvili at the Pakuan Building, Bandung City, Tuesday (6/8/19). During the meeting, the two sides discussed trade cooperation, especially West Java coffee exports to Georgia. According to RK - as Ridwan Kamil is called -, approximately 90 percent of Georgia's coffee imports come from Indonesia, but not done directly. Therefore, through cooperation with West Java, it is expected that Georgia coffee imports can be done directly or direct trade from Indonesia. "We have just heard that 90 percent of the coffee turns out to come from Indonesia. So, we will immediately focus on exporting coffee, especially Robusta," RK said when met after the meeting. "Because it turns out that now Indonesia's coffee goes first to Western Europe and then sold to Georgia. So, the price is too expensive.""With him coming here we will change the model to direct trade of West Java farmers," he added.To follow up on the meeting, said RK, in the near future there will be a visit of coffee entrepreneurs from Georgia. Then, the entrepreneurs will meet directly with coffee farmers in West Java."There will be additional visits, coffee makers will come. I will later meet with farmers' cooperatives, so that there will just be a fair export-import," he said.In addition to coffee trade cooperation, Georgia is also interested in other things from West Java, such as bureaucratic reform and economic vision. In addition, there was a desire from Georgia to buy aircraft made by PT Dirgantara Indonesia (DI)."He (Ambassador Geoegia) chose West Java because there was a lot of positive news during the ten months (the leadership of Ridwan Kamil-Uu Ruzhanul Ulum in West Java), related to bureaucratic reform, economic vision, and others," said RK."He (Ambassador Georgia) is also interested in buying airplanes from PT DI and of course we will also see what we can buy (from Georgia) so that the trade balance is also balanced," he added.The same thing also said by H.E. Irakli Asashvili. He admitted, his meeting with the Governor of West Java was very meaningful. During the meeting, it was discussed about the export-import cooperation between Georgia and West Java, one of which was coffee."We discussed cooperation between Georgia and West Java. We discussed trade or export-import cooperation that might be possible, especially coffee," said Irakli."And we also talk about bureaucratic reform, we share information related to that," he added.According to Irakli, his meeting with the Governor of West Java was the first step in the planned visit of Georgian businessmen to West Java."This meeting is also a step for our preparation to conduct a business forum which will be attended by entrepreneurs from Georgia," he concluded. --------------------------HUMAS JABARHead of the Public Relations and Protocol Bureau of the Regional Secretariat of West Java Province Hermansyah

Aug, 16 2019

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